Adding inventory of textbooks to my stationery business
Daniel
Miti Mingi, Kenya
41% repaid
Entrepreneur
Name
Daniel
Member since
November 2013
On-time repayments
327 installments • 27%
About Me
I earn a living through by business which involves selling of exercise books, school bags, stationary and so on. I started this small business so that I can support my family and my other siblings because they lack school fees and they depend on me. My business gives me good profit especially during schooling terms. I use the profit to expand the business in the way i can. i also use the profit to pay school fees for my younger siblings. At my free time i go visiting friends and i also like riding.
My Business
My business gives me about Kshs 10000 in a month which i usually try to save and to expand my business. However, i find it difficult to expand my business in the way i want or desire. this is because the money my business gives me is not enough to pay school fees for my other siblings, feed my family and support parents and expand business at the same time. Therefore, although i believe my business will survive because at least i get profit. After getting zidisha loan, i will buy more stock and therefore profit will be bigger and i will use this profit to repay the loan.
Loan Proposal
thank you zidisha for your ind support. my current loan has made my business profitable and thus i managed to repay the loan on time. i now make this proposal of kes 48863 as i want to add more stationeries and introduce other text books such as oxford dictionaries, atlases among others like good news bibles. this will increase my profit because it is the beginning of the year when stationeries are bought at large. furthermore the formone students are being admited this and next week. i kindly request zidisha lenders to support me in making this purchase. thanks in advance
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Loan Info
Project Type
Classic Loan
Disbursed amount
$541.00
Date disbursed
Feb 3, 2015
Repayment status
Late
Projected term
90 months
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